Jan 27 (Reuters) - GLOBAL TELECOM HOLDING ::CHAIRMAN SAYS HAS RECEIVED LETTER FROM VEON LTD ON STRATEGIC RELATIONSHIP WITH CO INCLUDING OPTION TO TAKE CO PRIVATE.CHAIRMAN SAYS HAS RECEIVED LETTER FROM VEON IN SUPPORT OF CO'S IMMEDIATE FUNDING REQUIREMENTS FOR CERTAIN DEBT OBLIGATIONS.BOARD POSTPONES SHAREHOLDERS MEETING ON RIGHTS ISSUE TO MARCH 27 FROM JAN 28 TO CONSIDER LATEST DEVELOPMENTS.
Full Article

Jan 6 (Reuters) - GLOBAL TELECOM HOLDING ::ANNOUNCES INTENTION TO RAISE CAPITAL VIA RIGHTS ISSUE OF EGP 11.2 BILLION THROUGH ISSUANCE OF 19.3 BILLION NEW SHARES WITH A PAR VALUE OF EGP 0.58.PLANS RIGHTS OFFERING IN H1 2019.INTENDS TO USE NET PROCEEDS FROM RIGHTS OFFERING TO MEET COMPANY’S FINANCIAL OBLIGATIONS THROUGH TO END OF 2019.RIGHTS ISSUE WILL BE OFFERED PRO-RATA TO EXISTING SHAREHOLDERS.
Full Article

Sept 2 (Reuters) - GLOBAL TELECOM HOLDING ::FEEDBACK ON VEON OFFER FROM GTH SHAREHOLDERS SUGGESTS THAT CURRENT OFFER WOULD NOT BE APPROVED BY REQUIRED 66 PERCENT OF MINORITIES AT THIS TIME.SAYS VEON HAS CONFIRRNED THAT THE OFFER REMAINS OPEN BUT CANNOT CONFIRM THAT IT WILL REMAIN OPEN INDEFINITELY.SHAREHOLDERS WILL BE AWARE THAT OFFER CAN BE WITHDRAWN BY VEON AT ANY TIME AFTER SEPT 01 2018.SAYS BOARD CONTINUES ITS REVIEW OF THE VEON OFFER AND THE ALTERNATIVE OPTIONS TO FUND THE COMPANY.AS PART OF ONGOING REVIEW, GTH IS TO APPOINT LAZARD FRERES ITS INTERNATIONAL FINANCIAL ADVISOR WITH BROAD REMIT TO ADVISE CO ON ALL FINANCING OPTIONS.SAYS DEBT MATURITIES, INTEREST PAYMENTS AND CAPITAL REQUIREMENTS IN 2H18 AND 2019 AMOUNTING TO AT LEAST $500 MILLION.
Full Article

ABU DHABI Egyptian billionaire businessman Naguib Sawiris said on Tuesday he sees opportunities for mining, telecoms and hotels in North Korea if a summit between its leader Kim Jong Un and U.S. President Donald Trump later this month is successful.

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: